Only part a and b, please.

Please show as much work as possible. Thanks.

44. LO.3 (Physical measure joint cost allocation) Powisett Farms Dairy began opera- tions at the start of May 2013. Powisett Farms operates a fleet of trucks to gather whole milk from local farmers. The whole milk is then separated into two joint prod ucts: skim milk and cream. Both products are sold at the split-off point to dairy whole salers. For May, the firm incurred the following joint costs: Whole milk purchase cost Direct labor costs Overhead costs $400,000 180,000 292,000 $872,000 Total product cost During May, the firm processed 2,000,000 gallons of whole milk, producing 1,555,500 gallons of skim milk and 274,500 gallons of cream. The remaining gallons